Please forgive my long, boring and predictable "anti-eponym rant" that you older members remember and expect. :)
I don't remember inserting tool bits into a CRS bar held in turned wooden handles then, but I remember as long ago as the late 30's using engine lathe tool holders with variously ground bits free hand (not in the tool post) for turning wooden guitar and violin string tightening keys and keg spigots on a beat up old South Bend. I suspect that many of you machinist-woodturners have used inserted bits for turning wood for years and didn't know you were using an "Oland tool". Not that there is anything wrong with that and I'm sure Mr. Oland was a fine man and accomplished woodturner, but he wasn't the first to insert tool bits for turning wood.
OK, I am showing my petty prejudices (aka prejudgment) about naming tools, techniques and turned forms and their embellishments for a person. Eponyms may include fewer words, but are often more confusing than indicative and more promotion than invention. Certainly less descriptive. Except of course, for the "Arch Tool", the "Arch cut" and the "Arch paint & puncture creation" I have to admit it's much easier to recognize my (in)famous work by eponym than by "dull scraper", "big catch" and "garish abomination." :)
BTW, I see that full length tool bits inserted into small aluminum handles are being advertized as Sorby's "micro hollowing tools" No eponyms for them yet, but sure to come, even if they aren't anything new.
There, I've said it again! What me, a cynic? :)
Turn to Safety, Arch Fortiter